Eloro Resources Ltd. Sees High-Grade Silver Potential in Bolivia

Sphene Capital GmbH has reiterated its "Buy" rating for Eloro Resources Ltd. and increased the target price to CAD 12.50, up from CAD 12.40. The update follows the discovery of significant silver grades in the Iska Iska project in Bolivia. Drill hole DSB-75 recorded the highest-grade silver intersection to date, including a 9.75-meter intersection at 962.23 g/t Ag within a broader zone.

The drilling results suggest extensive high-grade mineralization, enhancing the potential for open-pit mining and more economically viable extraction processes. Following these findings, the firm estimates a net asset value of USD 1,236 million for the Santa Barbara Breccia Pipe, pushing the target price significantly above the current share price of CAD 0.91.

The report highlights that recent downgrades and undervaluation issues present an attractive entry point for long-term investors, with potential takeover discussions in view.